Seven things you need to know about IIoT in manufacturing – and its powerful influence

  • Global spending on IIoT platforms for manufacturing is predicted to grow from $1.67 billion in 2018 to $12.44bn in 2024, attaining a 40% compound annual growth rate (CAGR) in seven years
  • IIoT platforms are beginning to replace MES and related applications, including production maintenance, quality, and inventory management, which are a mix of information technology (IT) and operations technology (OT) technologies
  • Connected IoT technologies are enabling a new era of smart, connected products that often expand on the long-proven platforms of everyday products.

By Louis Columbus, 10 June 2019, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, IoT, Manufacturing.

India’s new government plans IoT and AI workforce reskilling

India’s new government plans workforce reskilling in areas like the IoT and AI to become a world leader in emerging technologies.

The government plans to expand its ‘Skill India’ initiative with dedicated policies which ensure the nation’s youth can grasp important new technologies.

“Reskilling and upskilling is big on the incoming government's agenda,” a senior government official

By Ryan Daws, 28 May 2019, 0 comments. Categories: AI, Development, Enterprise, Healthcare, IIoT, IoT, Manufacturing, Smart Cities.

IoT attacks could put a £1bn hole in the UK economy

Research from Irdeto suggests IoT attacks may cost the UK economy over £1 billion per year due to lax security measures.

UK organisations in critical industries such as healthcare, transport, and manufacturing were polled by the Dutch security vendor. Irdeto found attacks on IoT equipment caused £244,000 in losses on average.

Steeve Huin, VP at Irdeto, said:

“Insecure IoT devices and companion apps are essentially low-hanging fruit for cybercriminals, who are increasingly...

By Ryan Daws, 24 May 2019, 0 comments. Categories: Enterprise, Healthcare, IIoT, IoT, Manufacturing, Security, Smart Cities, Smart Homes.

‘Hank’ aspires to be the world’s most dexterous robot

A robot developed by Cambridge Consultants called Hank aims to be the world’s most dexterous robot with humanlike mobility.

Hank features pneumatic fingers that are flexible and contain a ‘pioneering’ sensor to provide a sense of touch and grip. Using the sensor, Hank is able to hold and grip even the most delicate objects.

The inability to emulate the human touch has been a key reason behind the lack of robot adoption in areas like manufacturing line picking and agriculture.

Bruce Ackman,...

By Ryan Daws, 16 May 2019, 0 comments. Categories: IIoT, IoT, Manufacturing.

Predictive maintenance: How a small team of AI scientists can change the world

The confluence of emerging technologies - and their impact in concert - is becoming ever-more pronounced. Edge computing has previously been something of an unsung hero - but for the Internet of Things (IoT), and more specifically predictive maintenance, it is increasingly key.

Take driverless cars as an example. Mike Fay, business development manager at Dell Techologies' IoT and embedded computing group, notes it is an edge device in itself. "You have to do it at such a pace to get it to almost...

By James Bourne, 26 April 2019, 0 comments. Categories: Enterprise, IIoT, IoT, Manufacturing.

Microsoft and BMW launch open platform to support smart factory development

Microsoft and the BMW Group have announced a new initiative at Hannover Messe aimed at enabling faster and more cost-effective innovation in the manufacturing sector.

In manufacturing, complex, proprietary systems, that create data silos and slow productivity, can delay production and profitability. The Open Manufacturing Platform (OMP) is designed to break down these barriers with the creation of an open technology framework...

By IoT News, 05 April 2019, 0 comments. Categories: AI, Connected Cars, Enterprise, IoT, Manufacturing.

How IoTium has found a key gap in the market for industrial automation and is planning for growth

MWC19 IoTium, a provider of software for industrial automation, has had little short of a stunning 12 months. The company has been recognised by both the media – this publication recently named it in its top 25 IoT startups – and industry bodies with a listing in the prestigious GSMA 100 last month the highlight. 

With this on board Ron Victor, IoTium CEO (left), is in no mood to slow down. IoT News caught up...

By James Bourne, 12 March 2019, 0 comments. Categories: Data & Analytics, Development, IIoT, IoT, Manufacturing, Oil & Gas.

Ericsson IoT chief on AI, 5G, and connecting 'things' instead of ‘a thing’

We spoke to Ericsson IoT Head Jeff Travers during MWC 2019 about where the industry is heading and how emerging technologies are opening new possibilities.

A running theme of this year’s event was how technologies such as the IoT, 5G, AI, and blockchain are converging in powerful ways. Last year was a lot of talk about their potential, this year we’re seeing more actual deployments.

Transportation is one area where the IoT is having a major impact. The morning of our interview, Ericsson announced...

The top 25 IoT startups to watch in 2019: A guide

  • 26,792 startups are relying on IoT as one of their main technologies to launch new products and services and support platform-based business models according to Crunchbase.
  • 78.4% of IoT startups Crunchbase tracks have had two funding rounds or less with seed, angel and early-stage rounds being the most common.
  • IoT startup funding reached $16.7bn in Q4, 2018, with last years’ funding levels 94% over 2017 according to Venture Scanner.
  • By 2020, 50% of IoT spending will be driven by discrete manufacturing, transportation and...

By Louis Columbus, 21 February 2019, 1 comment. Categories: AI, Data & Analytics, Enterprise, IIoT, IoT, Manufacturing, Oil & Gas.